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BHP offboards its petroleum business in merger with Woodside; focus on “future-facing commodities”

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The all-stock merger will create a global top 10 independent energy company by production, and will also allow BHP to focus more intently on “future-facing commodities” that are most positively leveraged towards population growth, rising living standards, electrification and decarbonization, the company said. The project will deliver 4.35

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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF).

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Fuel economy measures could cut Commonwealth countries’ cumulative oil bill by US$3.2T through 2050

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trillion) through to 2050 and can help cut the world’s road transport energy use and CO 2 emissions by nearly half in that same time, by improving vehicle fuel economy, according to an opinion paper recently published by the Commonwealth Advisory Bureau (CAB) and sponsored by the Global Fuel Economy Initiative (GFEI). spare Commonwealth.

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Canada Launches Heavy Oil Working Group to Promote Cleaner Fossil Fuels

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The Honorable Christian Paradis, Minister of Natural Resources, initiated the working group with leaders from countries with heavy oil potential in the Americas during the Ministerial meeting of the Energy and Climate Partnership of the Americas (ECPA) in Washington, DC on 16 April.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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ºF) above pre-industrial levels to avoid the most catastrophic effects of climate change, and that global GHG emissions would have to peak around 2020 and then sharply decline by 50% to 85% by the year 2050. AR4 also affirmed that warming would have to be held to no more than 2 ºC to 2.4 ºF) increase. Earlier post.)

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